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BKF - BRIC Services PMIs For Q1 2019: Converging To Global Growth Momentum
iShares MSCI BRIC Index Fund
Q1 2019 Services PMIs for BRIC economies came in signaling no change on 4Q 2018 and converging to the Global Services PMI reading.
Brazil Services PMI averaged 52.3 in 1Q 2019, a gain on 51.2 in 4Q 2018, and the highest quarterly reading since 1Q 2013 when it stood at exactly the same reading.
Russia Services PMI average for 1Q 2019 was at 54.9, down from 55.6 in 4Q 2018, signaling moderating, but still fast pace of growth in the Services sectors of the economy.